Please answer both questions, not only first question. Sure thumbs up. Thank you :)

Task 12 Your firm is considering the purchase of a new office phone system. You can either pay $31,000 now, or $1,050 per month for 46 months. a. Suppose your firm currently borrows at a rate of 6% per year (APR with monthly compounding) Which payment plan is more attractive? b. Suppose your firm currently borrows at a rate of 16% per year (APR with monthly compounding). Wnich payment plan would be more attractive in this case? a. Suppose your firm currently borrows at a rate of 6% per year (APR with monthly compounding). Which payment plan is more attractive? Answer: The present value of the monthly cash flows is $... Task 15 Suppose a seven-year, $1,000 bond with a 9.44% coupon rate and semiannual coupons is trading with a yield to maturity of 7.46% a. Is this bond currently trading at a discount, at par, or at a premuim? Explain. b. If the yield to maturity of the bond rises to 7.64% (APR with semiannual compounding), at what price will the bond trade? a. Is this bond currently trading at a discount, at par, or at a premuim? Explain. Answer: The bond is currently trading (select A, B, C or D... A. ... at a premium because the coupon rate is greater than the yield to maturity OB. ... at a premium because the yield to maturity is greater than the coupon rate. at par because the coupon rate is equal to the yield to maturity at a discount because the coupon rate is greater than the yield to maturity O D